Rhumbline Advisers lifted its position in eHealth, Inc. (NASDAQ:EHTH) by 17.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,631 shares of the financial services provider’s stock after acquiring an additional 6,557 shares during the period. Rhumbline Advisers’ holdings in eHealth were worth $964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EHTH. KBC Group NV acquired a new position in shares of eHealth in the 1st quarter valued at $115,000. BlackRock Inc. increased its position in shares of eHealth by 2.2% in the 1st quarter. BlackRock Inc. now owns 2,164,085 shares of the financial services provider’s stock valued at $30,968,000 after acquiring an additional 46,141 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of eHealth in the 1st quarter valued at $216,000. Principal Financial Group Inc. increased its position in shares of eHealth by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 125,608 shares of the financial services provider’s stock valued at $1,797,000 after acquiring an additional 2,981 shares during the period. Finally, Cannell Capital LLC increased its position in shares of eHealth by 6.8% in the 1st quarter. Cannell Capital LLC now owns 1,165,882 shares of the financial services provider’s stock valued at $16,684,000 after acquiring an additional 74,004 shares during the period. 90.21% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Jack L. Oliver III sold 30,750 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $24.82, for a total transaction of $763,215.00. Following the sale, the director now directly owns 38,637 shares in the company, valued at approximately $958,970.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ellen O. Tauscher sold 31,857 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $23.16, for a total value of $737,808.12. The disclosure for this sale can be found here. 4.14% of the stock is owned by company insiders.

NASDAQ:EHTH opened at $28.20 on Tuesday. eHealth, Inc. has a 52 week low of $13.61 and a 52 week high of $32.96.

eHealth (NASDAQ:EHTH) last posted its earnings results on Thursday, July 26th. The financial services provider reported ($0.40) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.05. eHealth had a negative return on equity of 30.53% and a negative net margin of 41.39%. The firm had revenue of $32.66 million for the quarter, compared to analysts’ expectations of $34.11 million. research analysts predict that eHealth, Inc. will post 0.17 earnings per share for the current year.

Several equities analysts recently issued reports on EHTH shares. ValuEngine raised eHealth from a “hold” rating to a “buy” rating in a research report on Friday, July 6th. BidaskClub raised eHealth from a “hold” rating to a “buy” rating in a research report on Tuesday, June 5th. Chardan Capital started coverage on eHealth in a research report on Thursday, August 16th. They issued a “buy” rating and a $40.00 target price on the stock. Zacks Investment Research raised eHealth from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $26.00 price target on shares of eHealth in a research report on Friday, July 27th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $26.86.

About eHealth

eHealth, Inc provides private online health insurance exchange services to individuals, families, and small businesses in the United States and China. The company operates through two segments, Medicare; and Individual, Family and Small Business. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans.

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Institutional Ownership by Quarter for eHealth (NASDAQ:EHTH)

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